| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 23rd | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 919 Delport Ave, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1982 |
| Units | 41 |
| Transaction Date | 1998-10-07 |
| Transaction Price | $5,700,000 |
| Buyer | BRIDGE HOUSING CORP |
| Seller | ANDERSON EDWIN C |
919 Delport Ave, Santa Rosa Multifamily Opportunity
Neighborhood occupancy remains high and renter demand is supported by a just-over-half renter-occupied housing mix, according to WDSuite’s CRE market data, pointing to stable leasing conditions around the asset.
Located in Santa Rosa’s Urban Core, the property sits in a renter-driven pocket where the share of housing units that are renter-occupied is just over half. For investors, this indicates a broad tenant base and demand depth for smaller-format units. Neighborhood occupancy is strong, supporting consistent lease-up and renewal potential at the sub-neighborhood scale rather than at the individual property level.
Local livability is anchored by daily-needs access: grocery availability is comparatively strong versus many neighborhoods nationally, which helps with resident convenience and retention. By contrast, cafes, restaurants, and park access are limited within the immediate neighborhood, so leasing narratives will lean more on essentials and commute practicality than lifestyle amenity density.
Within a 3-mile radius, demographics show a steady renter pool with modest recent population growth and an expected increase in households over the next several years, which can expand the tenant base and support occupancy stability. Household incomes in the radius are rising, and rents have trended upward, suggesting the need for practical lease management to balance pricing power with affordability pressure.
For context against broader CRE benchmarks, neighborhood-level rents and home values track toward the higher end nationally. Elevated ownership costs in Sonoma County translate to a high-cost ownership market, which tends to sustain rental demand and can aid lease retention for well-managed multifamily assets.
Safety indicators for the neighborhood compare favorably to national norms on violent incidents, ranking in the healthier band nationally and improving year over year, based on WDSuite’s data. Property-related incidents track closer to national averages, so investors should plan for routine security and lighting best practices rather than extraordinary measures.
Within the Santa Rosa-Petaluma metro (138 neighborhoods), the area performs competitively on violent safety when compared nationally, while property crime is more mixed. The recent downward trend in violent offenses is a constructive signal; ongoing monitoring and standard risk management remain appropriate.
Proximity to regional distribution and corporate operations supports workforce housing demand and commute convenience for renters, with the following employer nearby.
- FedEx — corporate offices (7.2 miles)
This 41-unit asset benefits from a neighborhood with high occupancy and a renter-occupied share just above half, signaling durable tenant demand. Elevated ownership costs in the metro underpin reliance on rentals, while neighborhood-level rents and incomes indicate room for disciplined pricing without overextending affordability. According to CRE market data from WDSuite, daily-needs access is solid (notably groceries), which can aid resident retention even as lifestyle amenities remain limited nearby.
Looking ahead, demographics aggregated within a 3-mile radius point to an increase in households, expanding the potential renter pool and supporting long-run leasing stability. Investors should balance these strengths against softer local school ratings and modest amenity density by focusing on operational execution, unit functionality, and value-add touches aligned to workforce renters.
- High neighborhood occupancy and a broad renter base support leasing stability.
- Elevated home values in Sonoma County reinforce sustained reliance on rentals.
- 3-mile radius shows rising households, expanding the tenant pool over time.
- Daily-needs access (notably groceries) supports retention despite thinner cafe/park options.
- Risks: limited amenity density, below-average school ratings, and average property-crime levels call for active management.